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if you don't get rid of at debt ceiling right now, guys, do you have any idea what the repercussions are going to be for the united states economy? we went through a drama with the fiscal cliff and going forward the last thing we want and finally we had some positive news out there. >> brenda: we had a lot of drama and this happened before in 2011. but, toby, markets still went up. look at us, we're at five year highs now and wall street doesn't seem to worry. >> we had 400 point down days and it caused a whole stress that was self-inflicted one of the points that people try to make here. gary, listen, in gary b land, that all things are perfect and the kids are wonderful and all of that stuff. but in the real world, and that this is an arbitrary number not related to anything. we could have the conversation every day and we have the spending, you know, it's going to happen. and we need to vote the people out. vote those jokers out and that's how democracy works. >> and i'm moving to sweden because they have their act together. >> brenda: that's not why you're moving to sweden, gary
if you don't get rid of at debt ceiling right now, guys, do you have any idea what the repercussions are going to be for the united states economy? we went through a drama with the fiscal cliff and going forward the last thing we want and finally we had some positive news out there. >> brenda: we had a lot of drama and this happened before in 2011. but, toby, markets still went up. look at us, we're at five year highs now and wall street doesn't seem to worry. >> we had 400 point...
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specifically in my mind is the debt ceiling fight. >> right. >> president or republicans? >> the president probably has the debt ceiling leverage. a majority of americans want cuts to go along with it. george bush had a 53% rating at his second term. didn't last. >> when you say that the president has leverage on the debt ceiling negotiations, what then was behind the strategy that republicans behind the strategy republicans are putting forthright now saying they'll go along with the short-term extension? >> i think it probably was because the republicans don't have a single voice right now, a common thread. the president has a bully pulpit. two weeks ago, they were trying to figure out what they were saying. >> you were involved in a presidential transition four years ago. what do they have to be prepared with starting on tuesday? >> you know, one of the things i think that's gotten overlooked today, the announcement that they are not going to moth ball that incredible operation they've put up for the election. obama, is now going to be called organizing for action. that
specifically in my mind is the debt ceiling fight. >> right. >> president or republicans? >> the president probably has the debt ceiling leverage. a majority of americans want cuts to go along with it. george bush had a 53% rating at his second term. didn't last. >> when you say that the president has leverage on the debt ceiling negotiations, what then was behind the strategy that republicans behind the strategy republicans are putting forthright now saying they'll go...
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ceiling fight. >> that's right. although now we're seeing some of the temperatures lower there because every was expecting for this to be during the last time out, republicans saying let's deal with this for the next three mos, deal with the longer one later. the white house encouraged -- they're encouraged by what they're hearing but clearly it's not going to be easy. but certainly i think not as contentious as we were thinking in the short term. >> we'll see how that relationship develops if at all or e vovls throughout the next term. dan, thanks very much. john has some of the other headlines this hour. >>> including the manti te'o story. twists and turns if that mysterious case of the notre dame linebacker and his fictitious girlfriend. notre dame linebacker says he was the victim of a cruel hoax. he spoke off kacamera with espn jeremy schaap and said as recently as last wednesday he believed his girlfriend was real person even know he never met her. schaap says he seemed believable and sincere throughout the in
ceiling fight. >> that's right. although now we're seeing some of the temperatures lower there because every was expecting for this to be during the last time out, republicans saying let's deal with this for the next three mos, deal with the longer one later. the white house encouraged -- they're encouraged by what they're hearing but clearly it's not going to be easy. but certainly i think not as contentious as we were thinking in the short term. >> we'll see how that relationship...
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so two issues i want to get to right now. immigration and debt. maria, i'm going to start with you on this one. the upcoming debt, certainly, the debt ceiling set the tone, really, for what to expect, we think, for the next four years. the battle over that, already. do you see that as the case? >> well, it's certainly going to be a big challenge, both for the president and for republicans. you're already hearing from republicans that came out of their retreat yesterday, essentially walking back, that they were going to use this debt ceiling pretty much to -- you know, as the democrats like to say, to take the economy hostage, to demand spending cuts. they have backed off of that, looking at some plan to raise the debt ceiling at least for the next three months, to give some time for those talks to happen. and there is a big challenge in coming together, because the president still really feels like absolutely, the debt needs to be focus on, it's a huge issue, big priority, but it needs to be done in a balanced way so that all the spending cuts are
so two issues i want to get to right now. immigration and debt. maria, i'm going to start with you on this one. the upcoming debt, certainly, the debt ceiling set the tone, really, for what to expect, we think, for the next four years. the battle over that, already. do you see that as the case? >> well, it's certainly going to be a big challenge, both for the president and for republicans. you're already hearing from republicans that came out of their retreat yesterday, essentially...
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they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a difference? will he have to lead differently than he did in the first time? >> he does and i think he has already learned how to. he has shown a learning curving, the way he has framed the debt ceiling debate saying he will not let america be held hostage in these negotiations. that's one of the real key questions of a second term. can you go from lucky or good to good to great, is this. will the president really lead on debt? will he pull a nixon on china when it comes to debt and start leading on entitlement reform? like clinton did on health reform. he has always talked a good game. can he really lea
they're going to have to, if they want to, for instance, raise the debt ceiling and avoid a financial crisis. the question is, can barack obama do a better job of helping them do that because there's been a lot of complaints in congress that he hasn't been leading. he has even offended members of congress by applying they're not doing their job. so i think there's this political question that's overlaid this very thorny economic question. >> will the leadership of this president make a...
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one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans would find simpson/bowles a little tough. there are some difficult things in there most republicans and democrats wouldn't even put forward. the vice presidential candidate, paul ryan, was one of those guys on that committee and didn't vote for it. how do we get hard line republicans to say these are tough decisions, they're not going to be palatable, they're way further than most republicans would go in terms of debt spending cuts? >> ali, we have a tough problem. whatever solutions we come up with are going to be tough. but i would prefer tough solutions to a tough situation t
one is the debt ceiling. the other is the cr that comes due on march 27th. the cr might be a the better place to use that leverage. but one place or another we need to decide that both sides need to come together at the table of common sense and begin to put america on a sustainable course of economics. >> what does a guy like you say then to the tougher parts of the republican party? not as many are in the senate as in the house. you talk about simpson bouls. i agree. most americans...
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ceiling deadline go past it. john's right. the community cares about that. and that's a problem with the republicans. keep in mind, the republicans brought up this idea. they still haven't gotten it through the house. we'll get a variation. for one thing if the democrats don't help them without the votes and there was some other aspects that the democrats didn't like. john boehner the speaker will have a hard time doing that. they each have leverage over each other. it almost has to have some kind of democratic support. gwen: does everybody find it interesting that the conversation is about the house and not senate? >> the senate doesn't want to go forward on that the house is not even going to vote on. if you're a democratic senator and you're being asked to vote on painful cuts, why would you take that vote if it doesn't come to a floor -- to the floor? >> working it hard enough can get his or her members onboard. there are so many conservatives that speaker boehner has very little leverage on them because one
ceiling deadline go past it. john's right. the community cares about that. and that's a problem with the republicans. keep in mind, the republicans brought up this idea. they still haven't gotten it through the house. we'll get a variation. for one thing if the democrats don't help them without the votes and there was some other aspects that the democrats didn't like. john boehner the speaker will have a hard time doing that. they each have leverage over each other. it almost has to have some...
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. >> right. >> we've now done this again. we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. [ male announcer ] save on ground shipping are you flo? yes. is this the thing you gave my husband? well, yeah, yes. the "name your price" tool. you tell us the price you want to pay, and we give you a range of options to choose from. careful, though -- that kind of power can go to your head. that explains a l
. >> right. >> we've now done this again. we're three-month pass of the debt ceiling. i want to see where you want things prioritized and the conversation to go in the next three months now that we've bought time away from the ticking clock again right after this break. it's not for colds. it's not for pain. it's just for sleep. because sleep is a beautiful thing™. ♪ zzzquil™. the non-habit forming sleep-aid from the makers of nyquil®. nothing. are you stealing our daughter's...
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ceiling it's you know it's common household management right now washington is spending their money on candy bars when they few other places in the nation that is massively more wealthy than china yet china just put in a five thousand one hundred forty eight mile long three hundred fifty five mile an hour high speed rail system equivalent of chicago to new york it's running now why can't we do simple infrastructure china is just doing that because they're saying we're going to do it and that infrastructure makes business work in the answer to your question for what we do about it i think it's completely feasible that we can have public private partnerships to democratic california senator dianne feinstein most most infrastructure is private companies to build a road nobody would accuse dianne feinstein of being a conservative but last year when she needed a one point five billion dollars to repair levees in california she appealed to business leaders in california and said this is insurance for your business community if these levees break your businesses are going to be flooded sil
ceiling it's you know it's common household management right now washington is spending their money on candy bars when they few other places in the nation that is massively more wealthy than china yet china just put in a five thousand one hundred forty eight mile long three hundred fifty five mile an hour high speed rail system equivalent of chicago to new york it's running now why can't we do simple infrastructure china is just doing that because they're saying we're going to do it and that...
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things. >> and they've backed themselves into a corner with sequestration and the debt ceiling. it doesn't make sense the way they handled it because they're politicians and they don't want to say i'm for cutting x, y and z. >> they're americans first. >> i agree. >> and they do have -- but the republicans already took the tax increases. they agreed to the tax ines krooes. the democrats have not put nor the president have put on deficit reduction on the table and that's what needs to happen so we can all move forward. the republicans stepped up and did tax increases and it's time for the democrats to step up and do deficit reduction. >> i have to wrap it there. we'll take a break because we want to come back and get the worst and the best of the week. stay with us. [ coughs ] ♪ you can't let a cold keep you up tonight. [ snores ] vicks nyquil. powerful nighttime 6-symptom cold & flu relief. ♪ [ sniffles, coughs ] excuse me. i need something for my cold symptoms. [ sniffles ] we've got dayquil for day and nyquil for night. [ thuds ] you didn't see that. [ male announcer ] rig
things. >> and they've backed themselves into a corner with sequestration and the debt ceiling. it doesn't make sense the way they handled it because they're politicians and they don't want to say i'm for cutting x, y and z. >> they're americans first. >> i agree. >> and they do have -- but the republicans already took the tax increases. they agreed to the tax ines krooes. the democrats have not put nor the president have put on deficit reduction on the table and that's...
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as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
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. >> no president in the near future, maybe in the distant future, will be able to get the debt ceiling increased without a reignition, reigniting of the same discussion of how do we cut spending and get america headed in the right direction. i expect the next president, whoever that is, will be asking us to raise the debt ceiling again in 2013. we'll be doing it all over. >> today, mitch mcconnell doesn't sound so tough. instead of demanding spending cuts on entitlement reform, here is his new demand. the american people expect the senate to finally pass a budget. this is the new republican leverage. it's a pretty weak hand. don't you think? house republican whip kevin mccarthy was in full spin mode about the new terms of the debt limit fight. >> the senate has never even passed a budget. tts rule of the law that by april 15th, you have to. so, we're saying we will extend the debt limit until the timeline where you have a budget, a road map. so you stop digging yourself in the hole and we get out of this problem. part of not having the budget has gotten us into this problem in the firs
. >> no president in the near future, maybe in the distant future, will be able to get the debt ceiling increased without a reignition, reigniting of the same discussion of how do we cut spending and get america headed in the right direction. i expect the next president, whoever that is, will be asking us to raise the debt ceiling again in 2013. we'll be doing it all over. >> today, mitch mcconnell doesn't sound so tough. instead of demanding spending cuts on entitlement reform,...
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as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next. >>> good evening. welcome to "this week in northern california." with the presidential inauguration coming up on monday, and major developments this week on gun control and immigration reform, we focus tonight on politics from california to washington, d.c. we'll hear from governor jerry brown later in the program. and to help analyze it all, we're joined in studio by carla marinucci, "san francisco chronic chronicle" senior political reporter." debra saunders, "san francisco chronicle" conservative columnist. scott shafer, host of the "california report" joining us from washington, d.c. scott, let's start with you. you've been talking to our california lawmakers this week on the push for immigration reform. is there progress on comprehensive reform,
as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next. >>> good evening. welcome to "this week in northern california." with the presidential inauguration coming up on monday,...
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ceiling, but there was always the understanding that we would provide the votes in the final analysis. the president's party did that. right now you have a situation where the republican party is reduced to its lowest standing in the history of the wall street journal nbc pulled to 23% favorable, 47% unfavorable. the only thing that is worse is john boehner. 18% favorable. this is not a formidable partner. >> over the weekend, politico reported that a lot of house republicans threaten to shut down the government. they need to make shut down in or to get out of the system. we may need to do that for member-management purposes so that they can have an end game and show their constituents they are fighting to get it out of the system? this is not a gastrointestinal problem, this is the government. >> i would suggest therapy and not shutting down the government here that would be the compromise. i would offer it for free, if they really wanted to. the republicans have had a pretty unhappy experience with brinksmanship. twice in the gingrich years they shut down the government and they got
ceiling, but there was always the understanding that we would provide the votes in the final analysis. the president's party did that. right now you have a situation where the republican party is reduced to its lowest standing in the history of the wall street journal nbc pulled to 23% favorable, 47% unfavorable. the only thing that is worse is john boehner. 18% favorable. this is not a formidable partner. >> over the weekend, politico reported that a lot of house republicans threaten to...
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the debt ceiling, three months, whatever. the continuing resolution, that's a little bit in the weeds. but all right. fine. you can work with that. but i didn't hear them say what that was going to mean for spending, either. >> that's a great point, larry. they're not articulating spending cuts enough. but when you have someone like paul ryan at this retreat in williamsburg leading the effort behind the scenes for the short-term extension, he's telling members, especially the skeptical back benchers, that when that cr comes up in a couple months, when that sequester fight comes up and defense cuts in a couple months, house republicans will push for the spending cuts but they don't want to lose the pr bat toll a president who's very adept at pointing his finger at republicans and saying they want to cause default. >> okay. i think they're losing the pr battle anyway. >> perhaps they are. >> i mean, i don't know. i know obama's very fassel, but i also know democrats will never cut spending in my lifetime. robert costa, welcome
the debt ceiling, three months, whatever. the continuing resolution, that's a little bit in the weeds. but all right. fine. you can work with that. but i didn't hear them say what that was going to mean for spending, either. >> that's a great point, larry. they're not articulating spending cuts enough. but when you have someone like paul ryan at this retreat in williamsburg leading the effort behind the scenes for the short-term extension, he's telling members, especially the skeptical...
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an increase in the debt ceiling so we can pay our debts. i think that is what will eventually happen. i do not think the going often the other direction would be that helpful. >> -- that going off in the other direction would be that helpful. >> i am a second year at the board's school. does the debt ceiling still have a practical purpose? could it be eliminated without much consequence? >> it has got symbolic value. maybe one or two other countries, but essentially no other countries and the world have this particular institution. the congress appropriates $100, tells the government to spend $100 on whatever, and then it raises $80 in revenue through its tax code. the arithmetic here says, you have to borrow $20. no, congress has to give a third 100-80 = says the 180at 20. logically, there is got to be something to make up the difference. the way to address it is by having a sensible plan for spending, insensible span foplar revenue. as i was saying before, this is like a family saying, we're spending too much. let's stop paying our credit
an increase in the debt ceiling so we can pay our debts. i think that is what will eventually happen. i do not think the going often the other direction would be that helpful. >> -- that going off in the other direction would be that helpful. >> i am a second year at the board's school. does the debt ceiling still have a practical purpose? could it be eliminated without much consequence? >> it has got symbolic value. maybe one or two other countries, but essentially no other...
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ceiling debates or more more uncertainty in congress that i would see as being a bigger factor than the health care i think the important to look at if you're the if you're a small business guy in middle business guy or even a large corporation and you're going to see a large tax hit your books in the next couple of years when you're looking at expanding your business or investing you are looking down the road so while the one sense i think that there's been a lot of businesses that have been complaining about the president from a political perspective they're conservatives and they're just going to complain about the president no matter what it doesn't doesn't deal with the fears of businesses looking at increased regulatory cost or tax classes one two three four five years down the road and that limiting their investment decisions today and i think the other thing that's important pay attention to here is when you see industry groups like the chamber of commerce saying the regulatory environment is hitting the economy look at small business and look at entrepreneurship over the la
ceiling debates or more more uncertainty in congress that i would see as being a bigger factor than the health care i think the important to look at if you're the if you're a small business guy in middle business guy or even a large corporation and you're going to see a large tax hit your books in the next couple of years when you're looking at expanding your business or investing you are looking down the road so while the one sense i think that there's been a lot of businesses that have been...
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the president is determined not to have to repeat of what took place over the debt ceiling. how does he avoid that? >> he does have it already. he pushed for two months saying he will not negotiate. and the republican view, the boehner rule is, every dollar in spending, every dollar for the debt ceiling go up has matched by spending cuts. they have backed down from that view, in terms of having a three-month extension, that is because of the polls showing the president has the upper hand on the issue. >> do you think we are witnessing a strategy shift inside the gop? >> they have to have a strategy shift, you said that was the key thing that was coming out of the conference. we know that they are probably talking about appealing to minority voters and getting women back on track. >> isn't that a conference they have in gop meetings every two years? >> i don't think the conversation that is real. but now it's how to resonate with the constituents they are trying to appeal to. >> it's a time of rethinking for the republican party. what i was struck by was paul ryan's role. tel
the president is determined not to have to repeat of what took place over the debt ceiling. how does he avoid that? >> he does have it already. he pushed for two months saying he will not negotiate. and the republican view, the boehner rule is, every dollar in spending, every dollar for the debt ceiling go up has matched by spending cuts. they have backed down from that view, in terms of having a three-month extension, that is because of the polls showing the president has the upper hand...
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fought these big fights on fiscal cliff and debt ceiling, poverty is expanding. 50 million in poverty. food insecure, unemployed, and the disparity keeps growing, plus an impact of violence. so those issues must be confronted in this second go-round. >> how does the president go about doing that? i made the point in the last, before the last break that the president, at least at that point, had both houses of congress under his belt with a democrat majority. he doesn't have that anymore. can he put forward legislation, ideology, issues to help reduce that polarization? >> you know what, lyndon johnson opened up the war on immigration in appalachia. most poor people are white, female and young, and black and brown hunger hurts. 50 million, these people are malnourished, homeless or wandering. they're unbankable, therefore they're driven into expensive loan arrangements. they are poor. they cannot send their children to school. they cannot dream. 50 million more very close to them, this impact of growing poverty and racial polarization and violence is a hell of a combination, and i woul
fought these big fights on fiscal cliff and debt ceiling, poverty is expanding. 50 million in poverty. food insecure, unemployed, and the disparity keeps growing, plus an impact of violence. so those issues must be confronted in this second go-round. >> how does the president go about doing that? i made the point in the last, before the last break that the president, at least at that point, had both houses of congress under his belt with a democrat majority. he doesn't have that anymore....
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yesterday, they had to raise the debt ceiling. i don't think there was anything getting in the way of that. they never wanted to do that, but it was an important first step. i think the president was hoping and banking on the fact that the party would stay fractured and that it would be kind of a strength for him. but i think it was a good move by the republicans. >> rick: kristy, trey has been look forward to your response. >> i've been looking forward to giving it. there is several problems. one you already mentioned which is that it's unconstitutional. but there is more than that. the second problem is that this is a short-term fix. it's not a long-term solution. all we're doing is kick the can three months down the road. we're not solving the problem. then there is the problem, this is not really a serious solution to the problem. it's a way to try to make the senate and harry reid in particular look bad, which i'm sure feels pretty good for republicans on capitol hill burks doesn't get us any closer to solving our problem. >>
yesterday, they had to raise the debt ceiling. i don't think there was anything getting in the way of that. they never wanted to do that, but it was an important first step. i think the president was hoping and banking on the fact that the party would stay fractured and that it would be kind of a strength for him. but i think it was a good move by the republicans. >> rick: kristy, trey has been look forward to your response. >> i've been looking forward to giving it. there is...
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ceiling both on it next week. i think th president understood that he came out of the initial round strengthened and the republicans came out weakened. right now, the republican party is in as bad shape politically as i can ever remember it being. the republican party which was favorable in public opinion just as recently as two years ago is now minus 23% unfavourable. john boehner, who was favorable has dropped to the point where he is 19% unfavourable in public opinion polls. it is the lowest ever recorded in the history of "the wall street journal," nbc poll so they had to get out of this. they couldn't face this fight again. in the sense of people is that if it did lead to the government defaulting on its obligations and social security checks not going out, checks not going out to personnel, the republicans would be blamed again. so i think the president understood the advantage he had. and he played it. >> and the republicans understood their own situation in today's actions. >> the professionals did, john b
ceiling both on it next week. i think th president understood that he came out of the initial round strengthened and the republicans came out weakened. right now, the republican party is in as bad shape politically as i can ever remember it being. the republican party which was favorable in public opinion just as recently as two years ago is now minus 23% unfavourable. john boehner, who was favorable has dropped to the point where he is 19% unfavourable in public opinion polls. it is the lowest...
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for congress. >> a pitiful 14%. >> pretty bad numbers on john boehner's report card. >> the debt ceiling is a dangerous game. >> i don't see that as a winner for them. >> don't fight battles you can't win. >> it is a troubled time for the party. >> let's stop for a second. >> let's make clear decisions. >> the republican strategy. >> stop talking about rape. >> don't fight battles you can't win. >> it is a troubled time for the party, get something done. >> we have to be the party of new solutions, we're not just going to be the party of no. >> it is groundhog day. >> the conservatives, the retreat, we've come a long way since. >> i'm ezra klein in for lawrence o'donnell, one of the great moments, when redford having just won the election, sits down on the bed taking it all in. the next few words are not just to ever film junky, pretty much to every political candidate. >> what do we do now? >> what do we do now? that is always the question, what do you do now when you have to govern? but it is not just a question that affects winners, sometimes losers of elections have to ask what do we
for congress. >> a pitiful 14%. >> pretty bad numbers on john boehner's report card. >> the debt ceiling is a dangerous game. >> i don't see that as a winner for them. >> don't fight battles you can't win. >> it is a troubled time for the party. >> let's stop for a second. >> let's make clear decisions. >> the republican strategy. >> stop talking about rape. >> don't fight battles you can't win. >> it is a troubled time for...